Purpose – In this paper, we analyse the determinants affecting the stock prices of telecommunications firms in both developed and developing countries around the world.Design/methodology/approach – The empirical analysis is performed using panel data from 160 countries and 45 companies,...

This paper is the first empirical study to focus on the role of liquidity for futures in the European Union Emissions Trading Scheme (EU-ETS). In this large and fast growing market with a global market value of $50 billion, liquidity is fundamental because it enables entities to trade quickly...

This study considers domestic and international small and medium-sized enterprises (SMEs) of the United Kingdom separately while modelling their default risk. To establish the empirical validation, separate one-year default prediction models are developed using dynamic logistic regression...

Small and medium size enterprises (SMEs) play a fundamental role in the economic performance of major economies especially in light of the new Basel Capital Accord. Several lending communities proposed to treat SMEs as retail clients to optimize capital requirements and profitability. In this...

Using large-scale panel data, we examine the dynamics of adjustment towards reference points for key workplace attributes. We discover that an Exponential Smooth Transition Autoregressive (ESTAR) model is superior to a linear model in characterizing such a process. The speed of adjustment...